CTF discussion area

WhitePear

I've decided to take Cloud_Dog's advice and stick our voucher in a building society cash based CTF while we chose the best stakeholder fund.
Have singled out Yorkshire Building Society to do this, but does anybody know if we'll still get the interest for being in it for a couple of months, as the T&C's say interest is paid once a year?

May be a silly question, but any replies will be appreciated.

Thanks

baby_boomer

Yes you will.

You'll get 2 months' interest ( 1/6 of the quoted annual figure) when you make the transfer and close the Yorkshire account.

ndcdavis

Does anyone know of a site that shows the performance of different CTF's?

SAVEMEAFORTUNE

There are so many to choose from & some even offer free mothercare vouchers.

Is it better to go for a higher interest account, (I'm a student at the moment and so won't be putting in anything each month until I'm working) or are there some good freebies out there (for the children).

E.g. I've seen £20 mothercare vouchers for setting up a direct debit of £10 a month into a CTF. Are there any others? Thanks... Having difficulty finding them.

liz_bartun

SAVEMEAFORTUNEDOTCOM wrote: »

There are so many to choose from & some even offer free mothercare vouchers.

Is it better to go for a higher interest account, (I'm a student at the moment and so won't be putting in anything each month until I'm working) or are there some good freebies out there (for the children).

E.g. I've seen £20 mothercare vouchers for setting up a direct debit of £10 a month into a CTF. Are there any others? Thanks... Having difficulty finding them.

I opened one of these and received the vouchers straight away. Would it be too cheeky to cancel the direct debit before the first payment comes out? I was going to cancel after about 3 months.

Many thanx, Liz

SAVEMEAFORTUNE

no harm after one month as you've fulfilled their req. But b4 is prob too cheeky...
Think I'll go for this and cancel when times get rough

e-shark

ndcdavis wrote: »

Does anyone know of a site that shows the performance of different CTF's?

There are a few website that compares CTFs. Moneyfacts.com does a cash CTF comparison table aswell as moneysupermarket.com. MyEggNest.com does comparison of cash and stakeholders and share's CTF. They're also giving away a free Mr Men children's bruisesoother to those wishing to write a CTF reviews on their website.

Hope this helps
E

e-shark

LJacks wrote: »

Does anyone have any up to date information on Ethical Child Trust Funds?

Previous MSE advice says only ones are CIS and Children's Mutual provide them. However, a quick search now shows Family Investments/New Star now have one.

Are there any others?

Anybody got any experience of these?

Obviously being MSE inclined would like good performance but ethics very important.

Any advice gratefully recieved.

Family investment do have a very good ethical CTF. Their Family Charities Ethical Trust Acc (as listed in the FT) is outperforming in non-ethical CTF. It does pays to be ethical :j

E

pamaris

Hi guys,

Here is what I ended up doing. I have 1 CTF kid and 1 non CTF kid, so I wanted to do something similar for each, but convenient.

I chose the F&C non stakeholder CTF. For now I am contributing £25 per month into the Capital and Income Investment trust. I chose the exact same fund and contribution amount for my other child, but opened a Children's investment account and set up a bare trust.

For the non stakeholder CTF account, there is no annual fee in addition to the management charge for each individual trust. There is, however .5% stamp duty on each purchase. I will probably change trusts every year or two in order to diversify.

It seemed like a low cost way of taking on a bit of risk. It was also easy and straightforward.

e-shark

Hi Pamaris - Well done on working out all CTF issues! What you've done makes the most financial sense (and fairness to both the kids). Did you get any financial advise for this? Seems like you know your stuff!

E